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GDXJVanEck Vectors Junior Gold Miners ETF
Latest Market Updates*
- We believe there is a compelling opportunity in the space today with gold reaching all-time highs and companies healthier than they’ve been at any time in the last 10-20 years.
- In our view, financial market risks – including extreme monetary policies, negative real rates and unsustainable debt levels – remain persistent and pervasive and may continue to support higher gold prices for the foreseeable future.
- Notable, too, is the historical performance of mid-tier and junior gold mining companies during similar periods of rising gold prices in the past, where such support levels have helped fuel outperformance of these companies relative to their larger-cap, senior/major mining peers.
Fund Description
VanEck Vectors® Junior Gold Miners ETF (GDXJ®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® Global Junior Gold Miners Index (MVGDXJTR), which is intended to track the overall performance of small-capitalization companies that are involved primarily in the mining for gold and/or silver.
-
Fund Ticker
GDXJ -
Exchange
NYSE Arca -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Custodian
State Street Bank and Trust Company -
Index Ticker
MVGDXJTR -
Index Rebalancing
Quarterly
as of 01/25/21
-
30-Day SEC Yield1
0.27% -
Total Net Assets
$5.8B -
Number of Holdings
91 -
Options
Available -
Gross Expense Ratio2
0.53% -
Net Expense Ratio/TER2
0.53% -
Distribution Frequency
Annual
Fundamentals
as of 12/31/20
-
Weighted Average Market Cap
$3.5B -
Price/Earnings Ratio
23.76
(Last 12 Months)* -
Price/Book Ratio
2.14
(Last 12 Months)*
Market Capitalization (%)
as of 12/31/20
-
Capitalization
% of Net
Assets ($) -
Large (>$5.0B)
33.2% -
Mid ($1.0 - $5.0B)
53.9% -
Small (<$1.0B)
12.7%
3-YR Risk Measures
as of 12/31/20
-
Beta vs. S&P 500 Index
1.02 -
Correlation vs. S&P 500 Index
0.48 -
Volatility (Standard Deviation)
39.08 -
Sharpe Ratio
0.41
Source: VanEck, FactSet.
Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation.
Country Weightings (%) as of 12/31/20
-
Country
% of Net Assets -
■
Canada
45.09 -
■
Australia
21.18 -
■
South Africa
7.15 -
■
Brazil
4.36 -
■
United States
4.26 -
■
Peru
2.50 -
■
Turkey
2.31 -
■
Côte D'Ivoire
1.98 -
■
Mexico
1.88 -
■
United Kingdom
1.76 -
■
Indonesia
1.64 -
■
Kyrgyzstan
1.48 -
■
Egypt
1.20 -
■
Burkina Faso
1.19 -
■
China
0.95 -
■
Russia
0.90 -
■
Other/Cash
0.18
Portfolio Composition (%)
as of 01/22/21
- % of Net Assets
-
Stocks
99.81 -
Bonds
0.00 -
Other
0.00 -
Cash
0.19
Sector Weightings (%) as of 12/31/20
-
Sector
% of Net Assets -
■
Materials
99.4 -
■
Industrials
0.4 -
■
Other/Cash
0.2
Currency Exposure (%)
as of 12/31/20
-
U.S. Dollar
54.07 -
Australian Dollar
20.20 -
Canadian Dollar
15.93 -
British Pound
4.51 -
Mexican Peso
1.88 -
Indonesian Rupiah
1.64 -
Hong Kong Dollar
0.95 -
Turkish Lira
0.54 -
South African Rand
0.10 -
Other/Cash
0.18